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The recent hype lifted Tesla's stock into positive territory for the year, and it's now up nearly 5% in 2024. A high-risk, high-reward venture Analysts polled by LSEG have a consensus price target of $210.71 on Tesla shares, implying a decline of 19% from Friday's close. "We believe widescale Tesla robotaxi deployment is unlikely in the coming years," Spak added. Still, the bull case around Tesla's robotaxi ambitions highlights the company's potential to provide cost-effective technology. Morgan Stanley analyst Adam Jonas is a Tesla bull with an overweight rating and a $310 price target — reflecting 19% upside.
Persons: it's, It's, Tesla, CFRA's Garrett Nelson, I've, Nelson, Bernstein, Nikhil Devnani, Joseph Spak, Spak, Tesla's, Elon, Bernstein's Devnani, Goldman Sachs, Mark Delaney, Morgan Stanley, Adam Jonas, Jonas, hasn't, CFRA's Nelson, Nelson's, Morgan Stanley's Jonas Organizations: Investors, Tesla, CNBC, LSEG, UBS, Guggenheim, Vehicle Passenger Service Locations: Los Angeles, U.S, Europe, China, Friday's, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe remain skeptical on GM's EV business, says CFRA's Garrett NelsonGarrett Nelson, CFRA senior analyst, joins 'Squawk Box' to break down General Motor's quarterly earnings results, which beat Wall Street’s top- and bottom-line expectations for the fourth quarter, while forecasting another strong year despite potential economic and sales head winds.
Persons: CFRA's Garrett Nelson Garrett Nelson, CFRA
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's no question the U.S. EV market is in a state of oversaturation: CFRA's Garrett NelsonGarrett Nelson, CFRA senior analyst, joins 'Squawk Box' to preview Tesla's quarterly earnings results, the electric vehicle market at large, and more.
Persons: CFRA's Garrett Nelson Garrett Nelson, CFRA Organizations: EV Locations: U.S, oversaturation
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUAW targeted strikes could turn into a nightmare for the supply chain, says CFRA's Garrett NelsonGarrett Nelson, CFRA senior equity research analyst, joins 'Squawk on the Street' to discuss the looming UAW automotive strike and more.
Persons: CFRA's Garrett Nelson Garrett Nelson Organizations: UAW
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAuto worker strike looks likely and could last for months, says CFRA'S Garrett NelsonCFRA'S Garrett Nelson joins 'Squawk on the Street' to discuss the likelihood of a potential UAW strike, uncertainty around the timeline and scale of a UAW strike, and concerns over the impact a strike would have on production and inventories.
Persons: CFRA'S Garrett Nelson CFRA'S Garrett Nelson Organizations: Auto, UAW
CFRA's Garrett Nelson makes the bull case for Tesla
  + stars: | 2023-07-03 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCFRA's Garrett Nelson makes the bull case for TeslaGarrett Nelson, CFRA VP, joins 'Closing Bell Overtime' to discuss his buy rating on Tesla as the stock rises.
Persons: CFRA's Garrett Nelson, Tesla Garrett Nelson, CFRA, Tesla
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFocus on Tesla remains about the company's margins, says CFRA's Garrett NelsonGarrett Nelson, CFRA analyst, joins 'Squawk on the Street' to discuss what investors can expect from Tesla's annual shareholder meeting, any key questions for Tesla after the company's earnings and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're bullish on long-term earnings growth for Tesla, says CFRA's Garrett NelsonGarrett Nelson, CFRA senior equity research analyst, joins 'Squawk Box' to discuss his expectations from Tesla's quarterly earnings, why he remains bullish on the company's earnings growth long-term, and more.
Tesla set to report first-quarter earnings after the bell
  + stars: | 2023-04-19 | by ( Lora Kolodny | ) www.cnbc.com   time to read: +2 min
Employees of the Tesla Gigafactory Berlin Brandenburg work on the final inspection of the finished Model Y electric vehicles. Tesla is scheduled to report first-quarter earnings for 2023 after the close of trading on Wednesday. A month earlier, Musk announced plans to build a Tesla factory in Monterrey, Mexico, a day's drive from a relatively new factory in Austin, Texas. And more recently, Tesla said it plans to set up a factory to make Megapacks, or large lithium ion battery-based energy storage systems, in Shanghai. WATCH: CFRA's Garrett Nelson bullish on long-term earnings growth for Tesla
CFRA's Garrett Nelson makes bullish case for Tesla
  + stars: | 2023-01-03 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCFRA's Garrett Nelson makes bullish case for TeslaGarret Nelson, CFRA senior analyst, joins 'The Exchange' to discuss the headwinds dragging Tesla stock lower.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is a good opportunity to buy Tesla shares, says CFRA's Garrett NelsonGarrett Nelson, CFRA senior equity research analyst, joins CNBC's 'Squawk Box' to weigh in on the sell-off of Tesla shares.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla is one of the market's best earnings growth stories, says CFRA's Garrett NelsonGarrett Nelson, CFRA, joins 'Closing Bell' to discuss Tesla ahead of its earnings report.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with CFRA's Garrett Nelson and GLJ Research's Gordon JohnsonGarrett Nelson, CFRA senior analyst, and Gordon Johnson, founder and CEO at GLJ Research, join 'Power Lunch' to share their competing opinions around Tesla stocks, the reasons behind their price targets, and how they understand Tesla's cost structure.
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